In June 2020, India imposed a ban on TikTok and 58 other Chinese applications. Recently, the Canadian government has pointed to national security concerns as the reason for its latest action.
It was recently reported that ByteDance- the founder of TikTok (short format video sharing platform) has instructed its engineers to divide the source code of its recommendation algorithm specifically for the US- a claim that TikTok denies.
TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use.
On Wednesday, the US House of Representatives passed a bill that mandates ByteDance, the Chinese owner of the popular app TikTok, to sell its US assets within six months, or else TikTok will face a ban in the US. Currently, TikTok is being used by approximately 170 million Americans.
At a daily news briefing in Beijing, Foreign Ministry spokesperson Wang Wenbin condemned the move. US President Joe Biden has said if Congress passes the measure, he will sign it.
Though it is yet not clear if ByteDance is actually looking to partner with the Hiranandani Group’s new venture Tez Platforms or is hoping to store its data in the Yotta Infrastructure Solutions’ data centres.
Chinese tech unicorn ByteDance Ltd co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the technology firm which created the popular short-video app TikTok.
TikTok parent Bytedance has issued cash bonuses to employees in India, despite a ban remains in place for the Chinese short video making app TikTok.
China's ByteDance has decided to place the headquarters of its popular video platform app TikTok in the US in order to escape President Donald Trump's ban, official media reported on Wednesday.
Microsoft has confirmed that ByteDance has rejected its offer to take over TikTok's US operations. Oracle is the only known remaining bidder.
President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States.
Chinese unicorn ByteDance which owns the popular short video-sharing app TikTok has received approval from the British government to move its headquarters from Beijing to London, The Sun newspaper reported.
Microsoft has said it will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President Trump.
Chinese media outlet The Global Times on Wednesday twitted that the loss of Chinese internet company ByteDance, which is the parent company of Tik Tok, could rise upto $6 Billion after India banned 59 Chinese apps.
TikTok owner ByteDance is shutting some of its apps in India. Read on to know more about it
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